HSBC pulls the plug on coal

HSBC has joined an increasing list of large banks by announcing Friday it would not longer finance coal-fired plants, oil sands and arctic drilling. The move, announced by Europe’s largest bank at its annual meeting as part of its new energy...

/ April 21, 2018

How gold is improving cancer treatment

Researchers at the University of Queensland have developed new nanotechnology that includes gold particles and that is aimed at monitoring the diversity of individual cancer cells circulating in the body. The groundbreaking technique was tested on blood samples from melanoma...

/ April 21, 2018

Cochilco forecasts Chile's 2018 copper output up 4.3 pct

SANTIAGO, April 20 (Reuters) – Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018, up 4.3 percent from 2017, while estimating copper prices at $3.06 per pound this year....

/ April 21, 2018

Canadian miner eyes New Zealand’s gold

Vancouver-based Full Metal Minerals (TSXV: FMM) announced today that it has entered into a Share Purchase Agreement with Australia’s Evolution Mining (EVN-ASX) to buy out the Puhipuhi Gold Project, located in the Northland region of the North Island of New...

/ April 21, 2018

Commodities are flashing a once-in-a-generation buy signal

Since the commodities supercycle unwound nearly 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very...

/ April 21, 2018

Zimbabwe's parliament orders Mugabe to answer questions over diamonds

Zimbabwe’s parliament has ordered former leader Robert Mugabe to answer questions next month about whether the state was deprived of $15 billion in diamond revenue, a legislator said on Friday. It will be Mugabe’s first public appearance since last November...

/ April 21, 2018

South Africa's Eskom gets workaround to tackle coal shortages

(Bloomberg) — South Africa’s Eskom Holdings SOC Ltd. has permission to circumvent some purchasing rules in order to boost critically low coal stocks at several of its power stations and avoid a return to rolling power cuts. The state-owned utility is...

/ April 21, 2018

Gold nearing bull breakout

Gold remains largely forgotten, off the radars of most investors.  But that’s likely to change soon as this leading alternative investment is nearing a major bull breakout.  Once gold climbs to decisive new bull-market highs, sentiment will turn and investors’...

/ April 21, 2018

Mining firms from China to Canada watch as Greenland holds election

COPENHAGEN, April 20 (Reuters) – With melting ice expanding access to the Arctic, investors from China to Canada are watching Greenland’s election next week for signs of the political will to get a flagging mining programme on the island back...

/ April 21, 2018

Sanctions fever grips nickel as market rethinks Russia risk — Andy Home

By Andy Home, columnist for Reuters Sanctions fever has spread to nickel. With Russian aluminium producer Rusal imploding in the wake of U.S. sanctions against its oligarch owner Oleg Deripaska, attention is now turning to the status of another Russian industrial...

/ April 21, 2018

Illegal gold miners invade Grace Mugabe's farm amid legal dispute

MAZOWE, Zimbabwe, April 20 (Reuters) – A farm owned by Robert Mugabe’s wife Grace is at the centre of a legal dispute after hundreds of illegal gold miners invaded parts of the property and started mining gold. A Reuters photographer...

/ April 21, 2018

UK goes a record 55 hours without coal as clean power expands

(Bloomberg) — Coal, which fueled the world’s biggest economies for more than a century, is increasingly losing out to renewables. The latest example of how one of the dirtiest fossil fuels is being squeezed out of the market came this week...

/ April 20, 2018